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Tokenizing real-world assets is unlocking new opportunities
21.3.2024
A new trend demonstrates that tokenizing real-world assets could be the key to unlocking new opportunities. These pertain to investment and enhancing liquidity in the market. Most importantly, tokenizing real-world assets by backing them with blockchain technology is emerging as a way to expand...
FTX Users Seek Return of Crypto Assets, Not Dollars
21.3.2024
In a collection of letters, FTX users around the globe have asked for their coins instead of being reimbursed.
The post FTX Users Seek Return of Crypto Assets, Not Dollars appeared first on Cryptonews
BlackRock Enters Asset Tokenization Race with New Fund on the Ethereum Network
21.3.2024
"This is the latest progression of our digital assets strategy," said Robert Mitchnick, BlackRock’s Head of Digital Assets
Lithuania-Licensed Crypto Bank Meld to Offer Tokenized RWAs to Retail Investors
20.3.2024
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December
British Virgin Islands Sets Sights on Becoming Global Hub for Digital Assets
20.3.2024
The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market.
The post British Virgin Islands Sets Sights on Becoming Global...
Paradigm Supports Coinbase’s Case Against the SEC, Files Amicus Curiae Brief
19.3.2024
Paradigm has filed an amicus curiae brief supporting Coinbase in its legal battle against the SEC. The crypto investment firm argues that the SEC's refusal to provide clear regulatory guidance for digital assets is hindering compliance efforts and pushing businesses overseas. Coinbase's case...
BlackRock Creates Tokenized Asset Fund, SEC Filing Shows
19.3.2024
The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain data shows
Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain
19.3.2024
The move was part of zkSync developer Matter Labs' long-term goal to move its treasury reserves to a blockchain
Lingo Introduces a Reward Token Backed by Real-World Assets
19.3.2024
With Bitcoin pushing through all-time highs, the demand for cryptocurrencies has steadily increased. However, most crypto projects historically have failed to reward their communities in the long run. That’s because they were either built on ponzinomics, lack of real value generation, or real-world...
MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint
19.3.2024
Pro-Crypto Lawmaker Targets Leadership of House Financial Committee in Next Term
19.3.2024
Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee.
The post Pro-Crypto Lawmaker Targets Leadership of House...
Japan’s Pension Fund Weighs Bitcoin and Gold for Investment Diversification
19.3.2024
Japan’s Government Pension Investment Fund (GPIF) said Tuesday that it is seeking information regarding diversifying into illiquid assets such as Bitcoin, gold, forests, and farmland.
The post Japan’s Pension Fund Weighs Bitcoin and Gold for Investment Diversification appeared first...
Galaxy Surpasses $10 Billion in AUM as Institutional Interest in Digital Assets Skyrockets
19.3.2024
Galaxy Asset Management, a prominent crypto investment firm, has surpassed $10 billion in assets under management (AUM) amid a surge in institutional interest in digital assets.
The post Galaxy Surpasses $10 Billion in AUM as Institutional Interest in Digital Assets Skyrockets appeared first...
Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC
19.3.2024
The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making...
Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister
18.3.2024
Bitcoin's record high above $72,000 hasn’t changed the Indian government’s position on crypto, according to Finance Minister Nirmala Sitharaman.
The post Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister appeared first on Cryptonews
Dubai International Financial Centre Enacts Digital Assets Law
18.3.2024
The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages...
Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion
17.3.2024
Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes....
Russia Regulates Use of Digital Assets for International Settlements
15.3.2024
Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing...
South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
15.3.2024
A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities...
Institutional Interest for Bitcoin Rises, Yet Challenges May Hamper Future Adoption
14.3.2024
Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research...